Economy in Zimbabwe is currently suffering due to mismanagement. The inflation is too high and the unemployment rate is about %85
Currency
The dollar is the currency of Zimbabwe. It is subdivided into 100 cents. It is normally abbreviated with the dollar sign $, or alternatively Z$ to distinguish it from other dollar-denominated currencies.
Activities
Mineral exports, agriculture, and tourism are the main foreign currency earners of Zimbabwe. The mining sector remains very lucrative, with some of the world's largest platinum reserves being mined by Anglo-American and Impala Platinum. Zimbabwe is the biggest trading partner of South Africa on the continent.
Growth
Zimbabwe maintained positive economic growth throughout the 1980s (5.0% GDP growth per year) and 1990s (4.3% GDP growth per year). However, the economy declined from 2000: 5% decline in 2000, 8% in 2001, 12% in 2002 and 18% in 2003. The government of Zimbabwe faces a variety of economic problems after having abandoned earlier efforts to develop a market-oriented economy. Problems include a shortage of foreign exchange, soaring inflation, and supply shortages. Zimbabwe's involvement from 1998 to 2002 in the war in the Democratic Republic of the Congo drained hundreds of millions of dollars from the economy. [5]
Economy in Zimbabwe:
Table of Contents
Currency
The dollar is the currency of Zimbabwe. It is subdivided into 100 cents. It is normally abbreviated with the dollar sign $, or alternatively Z$ to distinguish it from other dollar-denominated currencies.Activities
Mineral exports, agriculture, and tourism are the main foreign currency earners of Zimbabwe. The mining sector remains very lucrative, with some of the world's largest platinum reserves being mined by Anglo-American and Impala Platinum. Zimbabwe is the biggest trading partner of South Africa on the continent.
Growth
Zimbabwe maintained positive economic growth throughout the 1980s (5.0% GDP growth per year) and 1990s (4.3% GDP growth per year). However, the economy declined from 2000: 5% decline in 2000, 8% in 2001, 12% in 2002 and 18% in 2003. The government of Zimbabwe faces a variety of economic problems after having abandoned earlier efforts to develop a market-oriented economy. Problems include a shortage of foreign exchange, soaring inflation, and supply shortages. Zimbabwe's involvement from 1998 to 2002 in the war in the Democratic Republic of the Congo drained hundreds of millions of dollars from the economy. [5]Home
Demographics
Food
Education
[5] source: http://en.wikipedia.org/wiki/Zimbabwe